Winners and Losers as Buffett, Bezos, Dimon Tackle Health Care

Prognosis: Pressure on profits at pharmacy-benefit managers, insurers, and hospitals.

By

Bill Alpert

Jan. 30, 2018 4:49 p.m. ET

By

Bill Alpert

Jan. 30, 2018 4:49 p.m. ET

Investors seemed unsure which health-care stock to sell first, after today’s announcement of a medical cost-containment venture by Berkshire Hathaway (ticker: BRK.A), Amazon.com (AMZN), and JPMorgan Chase (JPM). The three firms gave few details about how they’ll try to cut their medical bills, but this morning’s selloff implied that Wall Street fears most for the profits of pharmacy businesses like Express Scripts Holding (ESRX), and health insurers like Cigna (CI) and Anthem (ANTM).